Report: Stitcher Acquired By Deezer
October 24, 2014 at 8:46 AM (PT)
DEEZER is acquiring STITCHER. The move allows DEEZER to become a global on-demand audio provider, offering consumers over 35 million music tracks and 35,000 radio shows and podcasts.
STITCHER currently carries eight out of the top ten terrestrial radio shows and features content from over 12,000 content providers, including NPR, BBC, FOX NEWS, WALL STREET JOURNAL, THIS AMERICAN LIFE, MARC MARON, CBS RADIO NEWS and others. Streaming talk content continues to grow in the U.S., with approximately 39 million Americans having listened to an audio podcast in the past month and 30% of Americans having listened to a podcast according to EDISON RESEARCH.
“Almost every music listener listens to some form of talk radio, whether it is news, entertainment or sports,” said DEEZER Founder DANIEL MARHELY. “We see the ability to deliver better talk streaming solutions in the same way that we are doing in music to super serve the needs of our global audience of 16 million users and growing. The acquisition of Stitcher helps us realize this opportunity.”
“DEEZER has become a market leader by meeting the different and unmet needs of music consumers around the world,” said STITCHER CEO NOAH SHANOK. “We look forward to continue to evolve our leading offerings and deliver the most complete and best digital audio experience for listeners everywhere.”